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LPH - they sure like to punish their investors.
Today would be a good day to reveal the October and November revenue figures (if they are any good, that is).
LPH - way to go, timing could not have been worse.
China Macro Headlines
• Asian stocks decline for third week on mounting Korean tensions. Asian stocks fell for a third consecutive week after North Korea fired artillery shells into South Korea, swelling concern that tensions will escalate. Korean Air Lines Co., the nation’s biggest line by market value, declined 5.4 percent in Seoul. Hyundai Motor Co., South Korea’s largest carmaker by market capitalization, dropped 6.9 percent. Sun Hung Kai Properties Ltd., the world’s biggest developer by market value, slid 6.1 percent in Hong Kong after the government unveiled new measures to prevent a bubble in real-estate prices. Honda Motor Co., Japan’s second-largest carmaker by sales, sank 1.9 percent.
• China steps up effort to contain economy. China's top economic planner blamed speculators for some of the recent surge in food prices, while the central bank asked local financial institutions to curtail lending, as Beijing stepped up its effort to keep the surging Chinese economy in check. With the country's consumer price index hitting a 25-month high last month, policy makers are worried high food prices will flow through to broader inflation. The index rose 4.4% in October, driven by a 10.1% rise in food prices, which account for one-third of the CPI basket.
• China faces pivotal test - rising power holds key diplomatic role, but sticks to its familiar caution. China offered no sign it's ready to abandon gentle diplomacy with North Korea, even as pressure mounts on Beijing to use its unique leverage to rein in Pyonyang's belligerent behavior. In a test case of how China handles its growing prominence on the global stage as U.S. influence wanes, Chinese officials and state media initially followed their well-worn paths. Any strong wording on the episode was conspicuously absent.
• China’s central bank pledges to strengthen liquidity management. China’s central bank pledged to strengthen liquidity management and “normalize” monetary conditions after having twice this month ordered banks to hold more in reserves to curb inflation that’s at a two-year high. The nation will use quantitative and price tools to manage liquidity, Hu Xiaolian, a deputy governor of the People’s Bank of China, said in a statement posted to the central bank’s website this week. China will also control the pace of bank lending for the remainder of this year as it will be difficult to stay within the government’s 7.5 trillion yuan ($1.13 billion) target for new loans in 2010, she said.
• China, Russia quit dollar. China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.
• China 6-month finance ministry deposits sold at 4.93%. China's central bank auctioned 40 billion yuan of six-month finance ministry deposits to commercial banks on Tuesday at a rate of 4.93 percent, traders said. The result is up from 4.70 percent for deposits with the same tenor auctioned on Oct 21.
• China commodity bourses raise fees to curb speculation. China, where the world’s four biggest agricultural contracts are traded, will raise costs to buy and sell farm-product and metals futures as part of a government effort to limit speculation and tame inflation. The Dalian Commodity Exchange said this week it will scrap a measure that lets some investors pay half the normal fees for contracts bought and sold on the same day and will cease all other discounts as of Jan. 1. The Zhengzhou Commodity Exchange and Shanghai Futures Exchange said they will extend fees now levied on some contracts to other products.
• China to carry out property inspections, Daily says. China will carry out a nationwide property inspection on the implementation of the government’s real estate measures, the China Daily reported this week, citing unidentified people from the property industry. The “large-scale” inspection will focus on local government efforts to ensure land supply, construction of affordable housing, and the cleanup of idle land parcels, the official English language newspaper reported. The Ministry of Housing and Urban-Rural Development and the Ministry of Land and Resources will carry out the inspections, it said, without giving a timeframe.
• China energy intensity down 3% in Jan-Sept. China's energy consumption used to make each unit of national income fell about 3 percent in the first three quarters versus a year earlier, the country's top climate change official Xie Zhenhua said on Wednesday. This cut compared with a rise of 0.09 percent in energy intensity in the first half of the year, implying tougher government measures to curb energy intensive sectors took effect in the third quarter.
• Foreign firms eye wind power sector - Companies eager to increase their market share in nation's rapidly growing industry. Governments and companies from around the globe are keen to get a piece of the action in China's booming wind power market, which is set to surpass the United States as the world's largest by the end of the year. China's wind turbine output in 2009 accounted for one-third of the world's total with a newly installed capacity of 13.8 gigawatts, representing 100 percent growth year-on-year, according to the China Wind Power Outlook 2010.
LPH - I was expecting a press release this week to rejoice the increased prices for fuel (Like CHNG did for NG). Maybe it wasn't a positive impact after all.
China to LEAD World in Clean Coal production by 2020
Intersting Article China Coal Market
LLEN Prelimenary Numbers are out
•Revenues for the first quarter increased approximately 336% to $55.3 million, compared with revenues of $12.7 million in the same period a year ago.
•Gross profit for the first quarter increased to $18.6 million, up approximately 207% compared with $6.1 million in the same period a year ago.
•Net income increased approximately 306% year-over-year to $10.9 million, compared with $2.7 million in the same period a year ago.
•Earnings per share for the quarter totaled $0.36 per diluted share, an increase of approximately 177% compared with $0.13 in the same period a year ago.
LLEN Numbers
Realfast,
I hear you loud and clear.
Mike Toups CFO of Longwei Petroleum gaurantees me he will be sending me photos of the facility in action from his trip to China. He touched down in China yesterday and will be back early next week. He is supposed to send me pictures during his trip unless there is any sort of technical difficulties. As soon as I get them I will post them on this board as well as LPH board.
P.S. That Barron's Article was rough
LPH - how are coming with those new pictures of the facilities?
Don't they have digital camera's in Shanxi Province?
The wolves are circling the reverse merger china companies. You have to protect them every way possible. This is cheap and easy, and it will fill in the time before the 10K.
Seriously!
RedChip Intiates Coverage on KGJI $9.60 Target Price
Largest manufacturer and distributor of 24K gold jewelry in China with strong brand image and high growth prospects.
COMPANY OVERVIEW
Kingold Jewelry, Inc. (“Kingold” or “KGJI”), is engaged in the design, manufacture and sale of gold jewelry in People’s Republic of China. Located in the central part of China, including Hubei, Hunan, Henan, Jiangxi, Anhui and Sichuan Provinces, the Company offers a wide range of products, including 99.9% and 99% pure gold necklaces, rings, earrings, bracelets, pendants and
gold bars. As a member of the Shanghai Gold Exchange, the sole supplier of gold in China, KGJI enjoys significant pricing power and a competitve advantage over non-members.
INVESTMENT RATIONALE
Economic trends support jewelry market growth: China has registered strong average annual GDP growth of 9.3% and personal disposable income growth of 10.6% over the last decade creating an affluent middle class with an increasing propensity to spend on luxury goods. It is estimated that by 2015, China could surpass Japan as the world’s top consumer luxury market. Of the
luxury goods in demand, gold jewelry is the country’s third largest consumer hot spot, eclipsed in size only by real estate and automobiles. Largest manufacturer of 24K gold jewelry in China: With an expected 18 tons of annual production capacity by the end of 2010, Kingold is the largest manufacturer of 24 Karat gold jewelry in China. Demand for this purest form
of gold accounts for at least 80% of the total gold jewelry demand in China. Despite being soft and not very durable for jewelry, 24 Karat gold is crafted as designer pieces worn for special occasions and bought as investment.
Potential launch of retail network: KGJI is exploring the development of a retail store network to be operated under the Kingold brand name. The retail markup from the wholesale price is typically around 30%, depending on the complexity of design and other factors. The Company’s retail revenue, generated through one on-site store, accounted for a meager 0.1% of overall sales in 2009. Though the plan is still in the inception stage, the Company will be better able to gain higher bargaining power with distributors and wholesalers should it establish a strong foothold in this segment.
For the full KGJI Analyst report KGJI Page
CHNG - confirmed breakdown under 6.32 heading to 5.33
WEMU 10Q out Revenues $39.8 Million with $0.61 EPS (diluted) for the first 6 months of FY10
Also they opened their new factory in Nantong China
(From the 10Q)
In May 2010, Nantong formed its wholly owned subsidiary, Worldwide Energy and Manufacturing (Shanghai) Co., Ltd, (“Shanghai Solar”) to provide design, installation, and consulting for Solar Power Systems. This subsidiary has been created to provide more value add to our customers by providing the System Integration services (the next downstream link in the Solar Value Chain) to complement our PV Solar Module offerings. This service will provide system design work by incorporating and specifying the Balance-of-System (BOS) components with our Amerisolar modules. We have started this endeavor to take advantage of the rapidly growing solar market in China. Operations at this subsidiary are not expected to be material in 2010 and therefore, we have not determined the revenue recognition policies which will apply to this operation.
As of June 30, 2010 we own and operate three factories that we now use for the manufacturing of certain product lines that we historically had to subcontract, and we are using the services of approximately 40 subcontractors to manufacture those product lines for which we do not have our own manufacturing capabilities.
All in all, today is a great day for chinese stocks. In addition to last night's gain in the Shanghai index, several ADR's and OTC stocks reported earnings this morning, most with major earnings growth year over year.
Hopefully this will show up on the radar of institutional investors in their morning briefings.
I'm smiling wide going into the US market openings.....
CHNG - an 8:49PM on a Friday earnings press release.
Who's idea was that! Geez! Did you get the snuggie late night discount! Only bad news comes out after hours on a Friday.
Always release news before the market opens M-F
CHNG -10Q filed. Revenue up 21,135,599 vs 20,742,520
net income 4,560,503 vs 3,862,756
(operating was lower)
Earnings .21 vs .26
Shares increased to 21,582,662 fully diluted from 14,726,647
They raised $54 million with an offering 9/2009 for the new LNG plant.
this is what I'm talking about and is something that needs to stop happening in the china small-mid cap space. You can't announce an earnings date and conference call and then just a few short days later postpone the release date and call. It does not instill confidence in the company.
Bad CHNG...Bad.
CHNG - Files earnings extension NT-10Q
CELM - Reported after the close Friday. China Electric Motor nearly doubles profit. On Friday August 6, 2010, 6:50 pm EDT
NEW YORK (AP) -- China Electric Motor Inc., which makes parts for household appliances, autos and consumer devices, said Friday that its second-quarter profit nearly doubled.
The company, which is based in China and had its initial public offering earlier this year, earned $4.1 million, or 20 cents per share, during the three-month period.
That compares with last year's net income of $2.1 million, or 17 cents per share, the previous year.
Revenue climbed 13.3 percent to $25.3 million, up from $22.3 million last year as customers bought more expensive products.
Also Friday, China Electric Motor said it expected to earn between $4.3 million to $4.7 million during the third quarter. That would put its per-share net income between 20 cents and 22 cents. It anticipates third-quarter revenue of $30 million to $31.5 million.
For the full-year, the company said it expects to earn between $17.2 million and $18.5 million for the year with revenue between $110 million and $120 million.
China Electric Motor shares rose 13 cents, or 2.8 percent, to close at $4.88 on Friday
We've got a big week of earnings ahead of us. If some of the small and micro cap China stocks can post numbers that beat expectations, the entire space is going to be off to the races.
Enjoy the weekend because next week we'll all be working overtime!
"China's NG consumption jumps 22.1% in past 6 months compared to the same time last year" the Global Times reports.
Natural Gas to be cornerstone of green energy supply
Two natural gass plays that have tremendous growth potential.
China Natural Gas CHNG and Sino Gas International Holdings SGAS
China Natural Gas CHNG has recently completed its Liquid Natural Gas facility in Jingbian County of Shaanxi Province projected to boost revenues and earnings by 50%.
Free CHNG Company Profile
Sino Gas International Holdings SGAS has exclusive concession rights in 35 secondary and tertiary cities with 30 year concessionary rights agreements with local governments. SGAS currently services approx 152,000 residential customers and seven industrial customers. They have the rights to approx. 1.4 Million residential households.
Free SGAS Company Profile
Those are the photos of the Gujiao facility that are shown in an artist rendering on the website.
I will speak with LPH and make them take newer ones. We are in the process of updating their website anyways...
I agree with you I do not think Google is an option. lol
LPH - I have seen those "old" photo's thanks.
I'm expecting March - June 2010 pictures of working facilities.
I would ask Google to drive by, but they aren't on speaking terms, lol.
http://www.flickr.com/photos/52659622@N03/?saved=1
It didn't take much effort from an influential blogger to rip into LPIH.OB back in March based on the LPH web site.
You have to constantly defend yourself. It's not like we can take a long drive and buy some gas. And shareholder meetings are another subject.
CHGY - this company needs a new IR firm. The current one isn't doing a very good job. Maybe Redchip should wave LLEN in front of their eyes and get them in their camp.
LLEN - Revenue and Earnings more than double in FY10
After a short delay in filing its 10-K (pending the completion of a financial audit following the independent appraisals of the four acquisitions made during the fiscal year ended April 30, 2010) LLEN reported strong results for 4Q and FY10, comfortably beating its guidance. Both top-and-bottom-line more than doubled compared to FY09 due to the Company’s strategic focus on inorganic growth and capacity expansion during the year.
Free LLEN Research Update
Just a suggestion to Redchip since you have the ears of the companies you work with. You need to remind these companies that it is in their best interest to communicate often with stockholders.
There's a bad vibe on the message boards about small cap companies, particularly in china, who go long periods of time without issuing any type of updates. This leaves the average american investor very worried and keeps institutions from diving into these growth stories head first.
I'll use ALN as an example. We haven't heard a peep since they signed a letter of intent to purchase Shandong Greenpia. No surprise to me that the share price has dropped over 5% since then.
India is no different and IGC would be another example. I was on last quarters conference call and it seemed pretty obvious there were alot of concerns about the companies operations. Two weeks have gone by since then and the share price is down almost 20% due to investor fear. This company should be issuing press releases weekly with updates to give investors some confidence. Everyone would stop dumping shares if they weren't so scared.
I think we'll see a nice run up in china small caps during the next two weeks as companies issue earnings. I just hope they can follow the earnings with enough information to give us some confidence.
Jason,
No worries about the public response. I am hoping that this board will be a good resource for investors interested in RedChip covered Chinese stocks.
I would like it to be a place where investors can come and give their opinions and feedback on what we can do to better disseminate information about our companies.
Thanks,
Jim
Jim,
I'm sorry I couldn't reply privately, I'm not actually a member of inverstorshub.
It's nice to have another China board to interact with people and companies such as yours. I do invest in and trade many stocks that redchip covers. If there is anything I can help you with in the future, please feel free to shoot me a message.
-Jason
LPH - Honey do list.
Update web site with more pictures of the facilities.
Prepare a game plan for hostile influences such as what Muddy Waters did with ONP.
. make sure Auditor visits China locations.
. make sure suppliers are listed correctly.
. make sure major customers are listed correctly.
Clarify insider ownership.
. CEO and Treasurer share counts are different on recent presentations than they are in the last 10K.
Redchip ppt says 21 million each. SEC docs say 34.5 million each.
Clear understanding on how many Preferred shares have yet to be converted.
.Do shares have to be registered like the first group earlier this year in S1's.
.Do warrants have to be registered as well or how will we know when they were converted.
NTWK is grossly undervalued on a projected earnings basis - NTWK trades at less 6.3x projected fiscal 2011 earnings.
NTWK’s revenue grew 77.8% year-over-year in the quarter ended March 31, 2010.
Recent share price of $0.82 is only 4.1 times the pre-recession fiscal 2008 EPS of $0.20.
Click here to view the NTWK Initial Research Report
LLEN Revenues increased by 280% and EPS by 336% year-over-year, exemplifying the effectiveness of the Company’s aggressive growth strategy.
LLEN acquired the Hong Xing Coal Washing Factory, the Ping Yi Coal Mine and the ZoneLin Coal Coking facility in 3QFY10. These three acquisitions are expected to generate revenue of approximately $62 million per year.
LLEN has entered into a Memorandum of Understanding (MOU) with Shunda Mining Company to continue discussions of the acquisition of Shunda Mining Company ("Shunda), including its two existing coal mines (total existing mining production of 750,000 tons per year) and a coal washing facility (total existing annual production of 900,000 tons per year). The Acquisition, a part of L&L's strategic expansion plans, is anticipated to be completed in 2010 will enable L&L to better serve the growing demand for coal and energy supply in China.
LLEN trades at an 11.3 P/E multiple in a sector that trades at a 31.5 P/E multiple.
Click here to view LLEN Research Update
AMCF trades at a 3.99 P/E multiple in a peer group that trades at an average 30x EPS.
The Company has a dominant market share of 25% in the home market of Bohai Bay and is aggressively expanding into new ports, thus rapidly increasing revenues.
The Company is expanding their sales mix and focusing more on higher margin fuels.
Click here to view RedChip AMCF Initial Report
WEMU.OB - Worldwide Energy and Manufacturing USA Announces Second Quarter Operating Update
Click here to view press release
The Company has secured contracts in its second quarter with 15 new solar customers, located primarily in Germany, France, Italy, and the United Kingdom, bringing the Company's total client base for its Solar Division to roughly 60 customers. Orders from the new clients average more than 1 MW of power each, with the largest accounting for 17.5 MW. Additionally, the Company's total order backlog now exceeds $100 million, and management expects the majority of the pending orders to be completed and shipped by the end of the year.
Worldwide estimates that it delivered a total of more than $38 million in orders during the second quarter, compared with $10.3 million in the same period last year, an increase of about 270% year-over-year. The Company's solar division alone shipped roughly $35 million in orders in its second 2010 fiscal quarter, an increase of roughly 370% from second quarter 2009 sales of $7.5 million.
Global demand for photovoltaic solar panels continues to show enormous growth potential for the second half of 2010. Solar research and consulting firm Solarbuzz recently raised its projection of the 2010 photovoltaic market size to 15.2 GW, more than double 2009 installations of 7.5 GW. Companies in the industry generated estimated revenues of $12 billion in the first quarter of 2010, or almost 300% greater than first quarter revenues in 2009.
Worldwide's Chief Executive Officer, Jimmy Wang, stated: "Our strong order backlog and new client additions in the recently ended second fiscal quarter speak to the quality of our products and our growing industry exposure. As we enter the second half of our fiscal year, we are very optimistic and expect to deliver continued strong financial performance for the foreseeable future."
CECX Initial Report
COMPANY OVERVIEW
China Executive Education Corp., (“CECX” or the “Company”) provides comprehensive training courses to Chinese entrepreneurs and business executives in the rapidly growing executive education market. The Company aims to improve a client’s business performance by improving the management,leadership, and marketing skills of its employees.The Company also organizes featured lectures from well-known speakers that have included writer Mark Hansen of Chicken Soup for the Soul, top U.S.negotiator Roger Dawson, sales executive Joe Girard, and leadership guru John C. Maxwell.
INVESTMENT thesis• Growing market opportunity. With the rapidly expanding Chinese economy, there are an increasing number of entrepreneurs and business executives who are looking to enhance their skills outside of a traditional education program.
• High-margin business. CECX provides mostly human capital, which
generates very large margins. Last year’s gross and net margins were 67% and 38% respectively, since the Company’s inception in April of 2009 and remain high after becoming a publicly traded company in the US.
• High cash position with no debt. Of the Company’s total assets last year,77% was unrestricted cash. This large cash position can be used to acquire other businesses or to pay new talent to further expand the existing business.
• Little risk of non payment. The Company charges an upfront fee for services for 2-3 years. This fee is mostly paid in cash which is standard for education payments in China.
• Significant goodwill not on the balance sheet. The CEO’s well established reputation and connections allow the Company to more easily attract new customers and world renowned speakers that most competitors can not.
• Undervalued share price. Based only on expected industry and GDP growth rates, CECX is undervalued based on our valuation model. We believe that the Company has a great opportunity to leverage its brand to exceed those expected growth rates, thus making it even more of a bargain.
To continue Reading this report or for more information please visit the RedChip website RedChip CECX Page
KNDI NEWS
http://www.marketwatch.com/story/kandi-announces-construction-has-begun-on-the-first-battery-charging-station-in-jinhua-with-funding-from-the-state-grid-corporation-of-china-2010-07-16?reflink=MW_news_stmp
Little by little the company will appear in the future and the results will demonstrate the potential of the title!
In my opinion with Great Future!
Take Care
SGAS Sino Gas International Holdings, Inc. Company Profile out. To access the Free Company Profile click here.
The Company, through its indirectly wholly-owned subsidiary, Beijing Zhong Ran Wei Ye Gas Co., Ltd. ("Beijing Gas"), and the subsidiaries of Beijing Gas, is a leading developer of natural gas distribution systems in small and medium size cities in China, as well as a distributor of natural gas to residential, commercial and industrial customers in China. The Company owns and operates natural gas distribution systems in 35 small and medium-sized cities serving approximately 152,000 residential and seven industrial customers. Facilities include approximately 1,040 kilometers of pipeline and delivery networks with a current daily capacity of approximately 110,000 cubic meters of natural gas. The Company owns and operates natural gas distribution systems in Hebei, Jilin, Jiangsu, Anhui and Yunnan Provinces and Beijing.
SGAS has exclusive concession right agreements with local governments for up to 30 years in the provinces where it operates. Chinese demand for natural gas is expected to triple by 2020, and the Company’s 10% residential penetration rate in its market in implies strong growth for years to come. Sales are up 48% (ttm) and EPS more than 150% (ttm) in the past year. SGAS’ peers trade at a P/E of 14x, while it trades at 5.5x. If the stock were valued at the industry P/E, it would trade at $1.68, a return of more than 180% from the current price level.
(WEMU) Worldwide Energy & Manufacturing 1Q Research Update
WEMU1QResearchUpdate
(LPIH)Longwei Petroleum Holdings 3Q Research Update
LPIH3QResearchUpdate
CMDI Research Update
CMDI Research Update 6/22
LLEN rated one of the TOP 5 bargin stocks by TheSTREET.com
http://www.thestreet.com/story/10800562/3/5-bargain-stocks-for-july.html
LLEN Chinese Growth Energy Play - Coal Coal Coal
China gets 80% of its energy from coal, is sitting on the third largest coal supply in the world, and is STILL the world's largest importer of coal!
If your portfolio has no exposure in the Chinese Energy space you have to take a look at LLEN
LLEN is up 27% YTD
LLEN-ChineseGrowth
See what RedChip CEO Dave Gentry has to say about the YUAN appreciation news coming out of China
DaveGentryonCNBC
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